Core FI are in retreat on the back.....>

BOND SUMMARY: Core FI are in retreat on the back of the well-documented STAT

story. The article pointed to optimistic though anecdotal data from Chicago,

where patients treated with an experimental drug for Covid-19 have shown

symptoms of recovery. Elsewhere, U.S. Pres Trump announced his plan for

re-opening the economy, but the bulk of it was leaked yesterday. Chinese

quarterly GDP & monthly activity data, due at the top of the hour, provide the

next point of note. T-Notes -0-21 at 138-18+, with yields sitting 2.2-5.8bp

higher in cash trade. The curve has been subject to some bear steepening.

Eurodollar futures sit 0.5-4.5 ticks lower through the reds.

- JGB futures sit 16 ticks shy of settlement, last at 152.19. Yields are

marginally a mixed manner. The BoJ left the sizes of 1-5 year JGB purchases

unch. today, while the MoF noted that it will buyback Y50bn worth of JGBs.

- In Australia, YM -1.0 & XM -2.5. Curve has bear steepened, yields sit

0.7-4.4bp higher. Bills trade unch. to -2 ticks through the reds. The space

looked through the latest RBA tapering of ACGB purchases.